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The Penny Saving Challenge

The penny savings challenge is a smart way to save money without even noticing you’re putting the money away. It's a great wasy to save towards something special such as a little get away or item or clothing. 

Hows it work...
Basically, you start by putting 1p away on the first day, then increase the amount by a penny a day. You can choose whether to do this by placing coins in a jar or transferring money online into another account.

You’ll never put away more than £4 a day, but you’ll be surprised how quickly it all adds up.

After 3 months you'll have saved: £40.95

After 6 months you'll have saved: £164.71

After 9 months you'll have saved: £374.01

After 12 months you'll have saved: £667.95

Congratulations! You’ve made it to the end and now have a whopping £667.95 saved!